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Massachusetts Passes DFS Bill H4569

Monday August 1,2016 : MASSACHUSETTS DFS BILL PASSED IN LATE NIGHT SESSION? (Update)

Last flurry passage late into Sunday night as two-year session closes.

Initial reports suggest that the Massachusetts legislature, in the wrap-up of its two year session which moved late into the night Sunday, has passed major bill H4569, an economic package that includes daily fantasy sports.

The bill allows for the temporary operation of daily fantasy sports in the state until July 31, 2018 on condition that it operates in “accordance with regulations promulgated by the Attorney General” Maura Healey laid out earlier this year (see previous InfoPowa reports).  It removes DFS, for the time being, from the definition of gambling.

The legislation also covers the creation of a commission that is tasked to review a broad range of topics under the DFS and internet gambling sectors, co-chaired by the House and Senate chairs of the Joint Committee on Economic Development and Emerging Technologies.  Others members will include appointees from the speaker of the House, the president of the Senate, the Attorney General and the Massachusetts Gaming Commission. 

The commission is expected to file a comprehensive report along with any recommendations for legislative and tax reforms no later than March 31, 2017.  

The enactment of the bill will be particularly gratifying to daily fantasy sports operator DraftKings who call Massachusetts its home state.  Massachusetts will become the eighth state to green light daily fantasy sports this year along with Tennessee, Virginia, Missouri, Indiana, Colorado and Mississippi.

The bill has reportedly been laid before the Massachusetts Governor Charlie Baker and awaits his signature.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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